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Are you prepared for the regulatory changes in 2014?

Don’t get trapped at the end of the year without a plan to grow your business under the new regulations. With the volumes in the mortgage market slowing down, now is the time to take a step back and evaluate your options to keep growing your business. Have you considered a warehouse line but not sure how to get started? Or do you have an existing warehouse line and want to expand your funding capacity and save money?

Give Florida Capital 30 minutes of your time and let us show you how our warehouse line can save you time and money. We offer a program that makes the transition from Broker to Lender a Snap! We have a team dedicated to helping you make a smooth transition as well as showing you all the benefits you gain by establishing a funding line. Our program offers:

Rapid approval process with NO FEES!

Facility amounts - $1 to $5 million

Flexible Terms

Fund FHA, VA, and Conventional loan products including Jumbo loans up to $2 million and HARP 2.0

Ability to sell loans to multiple investors

No Fulfillment provider required

Lower cost of funds and fees

If you are ready to take that step forward, Florida Capital is here to help. We can assist you in setting up a funding line or expand your current funding capacity and save you time and money at the same time. We are committed to growing your business and focusing on what’s important to you!

Established in May 2005,Florida Capital Bank Mortgage (FCBM)is headquartered in Jacksonville, Florida and operates as a division ofFlorida Capital Bank, N.A.Florida Capital Bank is just under a billion dollar commercial bank with locations in several of Florida's largest and fastest growing markets.

Florida Capital Bank Mortgage has created a dynamic B2B mortgage-banking platform for mortgageBrokersand Correspondent lenders across the United States.

What does FCBM do?

Florida Capital Bank Mortgage is awholesale and correspondent mortgage bankerpurchasing residential mortgage loans from third party originators. We purchase mortgage loans from approved mortgage Brokers by funding these loans at closing. We utilizethelatest technologyand offer manyelectronic "business to business"services toenhanceour client's service levels and efficiencies.

Mortgage rateswere lower yet again, making for an astonishing 10th consecutive day without rates moving higher. In the 13 days of rate sheets since the September 6th jobs report, rates have only risen once. After only being able to claim 6-week lows yesterday, today's rate sheets are the best in at least 2 months (very close to 3 months). Conforming, 30yr Fixed rates are now down to 4.375% for most efficient combination of closing costs and rate (best-execution)though several lenders have attractive buydowns to 4.25%.

With each passing day, we have more and more confirmation that the FOMC announcement and most recent Employment Situation Report marked and confirmed at least a short term turning point for interest rates. This is the consolidation/correction that we'd been hoping for, and we're now a day or two into it.

The future path of rates is fairly uncomplicated at the moment. Markets are comfortable treating early September rates as near term highs as long as the economic data doesn't surprise to the upside. That means that the fate of rates is tied to the economic reports that come out most mornings. Stronger data will gradually persuade investors that the Fed will reduce the pace of bond buying sooner than later.

On some small scale, that was a risk this morning, but Consumer Confidence came in slightly weaker than forecast, and rates continued to improve. We'll face similar risks with tomorrow's data, but it will either take a concerted effort from several reports or a strong Employment Situation report on Oct 4 to completely dash the dreams of this low-rate rebellion. Between now and then we'll likely see some ups and downs, as opposed to the exclusively flat-to-sideways bias we've had since Sep 6th.

Loan Originator Perspectives

"Another quiet and productive day for rates today. We continued to improve slightly, and while rates are still in the 4's, we're a lot closer to the 3's than the 5's, and that couldn't be said two weeks ago. As we said yesterday, borrowers who have MBS savvy loan officers may want to consider cautiously floating, at least as long as the gains continue!" -Ted Rood, Senior Originator, Wintrust Mortgage

"Another bullish move in both benchmark treasuries and MBS leave us originators smiling at the prospects for even better rates. There has been further technical confirmation as we have entered the mid 2.6 range and shall continue to wait and see where the firm resistance will come in as the data continues to hit the tape. The trend is your friend. Nothing gained going against the grain here. I believe floating is the best option." -Constantine Floropoulos, Quontic Bank

"Optimistic is a good word for where rates may be headed, which hopefully is down. I think jobs numbers coming out next week will be rate friendly as will other economic reports. We shall see. " -Mike Owens, Partner, Horizon Financial Inc.

How to Keep Your Affluent Children From Turning Into … Well, … Brats

Congratulations are in order—you have accumulated enough wealth to be concerned about eventually passing it along to your children and grandchildren in a manner that will encourage them to lead positive and productive lives. Like many, your objective is to allow your children to enjoy the rewards of wealth without becoming irresponsible, overindulgent or feeling entitled to anything money can buy.

When it comes to sharing one’s wealth with adult children, there are some general principles that may help you guide your children as they shape their values. Two quotes about sharing wealth with children are an excellent starting point:

I wanted my children to have “enough money so that they would feel they could do anything, but not so much that they could do nothing.” – Warren Buffett

You can establish inter vivos trusts (trusts that go into effect during your lifetime) and appoint professional trustees during your lifetime. Consider some combination of the following restrictions on the trust funds to help your children develop into competent, capable adults:

Make receipt of funds dependent on employment

Use trust funds to match income from employment

Prohibit distribution of trust earnings until the child reaches a certain age (it is not unheard of to distribute trust earnings to children once they reach age 65)

Make attaining a certain level of education a prerequisite to distribution of trust income

Consider establishing a charitable trust or family foundation, with room for employment of your adult child in the foundation’s management

Consider a generation-skipping trust, so that your wealth is shared directly with grandchildren

Make Gifts or Loans During Your Lifetime—And Not Just Gifts of Money

This is the meaning behind the quotation above regarding warm hands and cold ones. It is better, in so many ways, to give gifts during your lifetime rather than after your death. In addition to gifts, consider making strategic, interest-free loans to your children to help them achieve certain goals without losing a lot of their own income to interest payments:

Interest-free loans for higher education

Interest-free loans for private education for grandchildren

Interest-free loans for home purchases

In addition to giving gifts of money or making strategic loans, there are other “gifts” you can give your children to help them learn to live with wealth. Consider the following suggestions,:

Hire a professional to teach your children how to manage their money, instead of banking on your children listening to your own lessons.

Pay for family vacations that serve a philanthropic purpose, such as travel to Africa to deliver medical equipment to a remote town or travel to South America to help clean a national park.

Begin or continue a family tradition of local volunteer work with disadvantaged people in your own community to ensure that your children get firsthand knowledge of how fortunate they are to have the resources your family has accrued.

In general, experts agree that families fare better when their wealth is used to enrich their lives and to help others less fortunate. Give your children opportunities to learn to use money in responsible ways, from as early in their lives as possible. Show them the difference between buying a new sports car and donating the same amount of money to a program that sends food to people in need. That isn’t to say a new sports car shouldn’t be on the shopping list – but perhaps it shouldn’t be the only thing on the shopping list.